After Groceries, Medicines, Uber To Deliver Packages; Explores Alternative Revenue Streams Amid Covid

Reeling under the Covid pandemic, cab-hailing company Uber is exploring alternative revenue channels to get through the current crisis. The company its blog post on Tuesday announced launching package delivery service – Uber Connect – to “send and receive packages” in four cities as of now – Gurugram, Guwahati, Jaipur, and Kolkata. Currently, startups such as Swiggy (under its Swiggy Genie feature) and Dunzo offer hyperlocal delivery of services. Uber has been looking at multiple means to not just generate whatever revenue it could under the lockdown but also to enable earnings for drivers, which have been sitting idle, in order to retain them on the platform.

“Cars sales will happen in a very big way for those who are upwardly mobile and have money. This would definitely mean a reduction in the business of Ola and Uber. They might focus on enterprise side such as partnering with e-commerce, food delivery firms because that is where foreseeable money is, otherwise they will lose drivers,” Sanchit Vir Gogia, Founder and CEO of consultancy firm Greyhound Research had recently told Financial Express Online.

[Financial Express]


Analyst:

Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.

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